Home Equity Loans & Lines of Credit
Use the equity in your home as collateral for loans to purchase a new car, make home improvements or for a college education. The home equity loan or home equity line of credit is available for a term up to ten years and offers a variable interest rate. The interest paid on a home equity loan or a home equity line of credit may be used to reduce your taxable income. Consult your tax advisor concerning the tax deductibility of any loan.